Regina Real Estate

Saskatchewan’s provincial capital Regina is the cultural and business hub of the province, as well as adjacent American states.

Local commerce has been booming; and there has been a general rise in the quality of life. Personal income rose by 3.8% from 2005 to 2006. Gross domestic product increased by 5.4% while final domestic demand increased by 6.7%. This is buoyed by strong personal spending: with a 7.2% increase in durable goods spending, 6.5% on non-durable goods, and 5.6% on services.

Real estate has seen a lot of this action. Analysts even project the biggest real estate market growth will be in Regina, alongside Winnipeg.

Regina is said to have the most affordable homes market. And given the continuous in-migration and immigration into the city because of work opportunities derived from the city’s growing industries, the natural result would be to see a steady real estate price increase.

For 2008, economic forecasters see a 15.4% price increase in the city of Regina, with rates rising from $163,500 in 2007 to $188,600.

Any way one looks at it, real estate remains a solid investment in Regina, as well as the rest of Saskatchewan and Canada. The country continues to enjoy a very strong currency, even when the downtrend in the US economy looms close. It is partly because of the dips in the US economy that Canadian investments increased. North American investors would rather invest in it, rather than in US soil. This creates employment and empowers a bigger market for residential and revenue real estate.

The city of Regina is also a well-planned city, with substantial land dedicated to parks and outdoor recreation, making the city more attractive to home buyers.

Interested in exploring real estate options in Regina? Click here.